21 1 AaBbCck AaBbCcc AaBbCcc A Book Title Emphasis Heading 2 Paragraph www. Click or tap here to enter Bed Part II Consider the following independent and material situations. Assume that you are the audit partner on the engagement 1. Your client reported a note receivable consisting of principal and accrued interest receivable. The maker of the note filed a bankruptcy petition, but the client refused to reduce the recorded value of the note to its net realisable value. The net realizable value was 22 per cent of the amount reported. 2. An audit client has been making losses over the past few years. After interpreting key financial ratios, your audit team has substantial doubt about a client's ability to continue as a going concern for a reasonable period of time. The client has adequately disclosed its financial difficulties in a note to its financial report, which do not include any adjustments that might result from the outcome of this uncertainty You concluded that there would be no circumstances to force the company to declare bankruptcy 3. There was a fire that broke out a month before the year-end date. The fire hasdestroyed most of the accounting records and underlying receipts and invoices Management has reconstructed the accounting records using its bank statements and other means but they are uncertain if all material matters have Pa been taken into accountand they would like to wait unti after a couple of months when subsequent receiptsmay at them to compile further outstanding te You have serious doubts as tothe accuracy of the compiled figures and have been unable to verify any of the materialalanes Required Nominate what type of audit report are you going to sue in each of the above independent tuto Era(3+33 - marka Suggested